Author Question: When the U.S. price level rises relative to other nations' price levels, then A) U.S. exports ... (Read 81 times)

notis · **on:** Jun 29, 2018

When the U.S. price level rises relative to other nations' price levels, then

A) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts rightward.
B) U.S. exports decrease, U.S. imports increase, and there is a movement upward along the aggregate demand curve.
C) U.S. exports increase and the aggregate demand curve shifts rightward.
D) U.S. exports decrease, U.S. imports increase, and the aggregate demand curve shifts leftward.
E) U.S. firms' profits increase and the aggregate demand curve shifts rightward.

Question 2

Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The result of Omegalon imposing anti-dumping tariffs on electric lawnmowers manufactured in Alphonia would most likely be

A) lower selling prices on electric lawnmowers in Alphonia.
B) higher selling prices on electric lawnmowers in Omegalon.
C) increased exports of electric lawnmowers from Alphonia.
D) an increased market share for Alphonian-manufactured electric lawnmowers in Omegalon.